Exponent Private Equity has reached the final close of its second fund, Exponent Private Equity Partners II, LP, with commitments of £805m. This fund doubles the amount raised in the first fund in 2004. Exponent will continue to focus on investing in larger, more complex mid-market buyouts of UK companies and can commit up to £200m in any one transaction. Investors in the £805m vehicle included funds managed by Pathway, Pantheon Ventures, Danske Private Equity, MassPRIM, OMERS Capital Partners, NYL Capital Partners and Bank of Scotland.
Austria-based electrical engineering company had filed for insolvency in April 2020
VC house expects to hold a €35-45m first close by the end of July and a final close in around one year
LPs in Exponent III include Aberdeen Standard Investments, Central Pension Fund and CNP Assurances
Company has generated €12m in revenues and has a 25% EBITDA margin